Law firm takes big bite in Midtown lease

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The Ropes & Gray law firm recently signed a 20-year lease for 250,000 square feet at 1211 Sixth Avenue. The asking rent at that tower between 47th and 48th streets is around $60. The lease comes at a time when Midtown spaces greater than 200,000 square feet are getting scarcer, driving speculation that companies seeking huge spaces may look Downtown. more [Crain’s]